Techmeme
August 5, 2022, 5:45 AM

Top News

Dan Primack / Axios:
Filing: Twitter says Elon Musk's counterclaims “are factually inaccurate, legally insufficient, and commercially irrelevant” and don't justify ending the deal  —  We still don't have Elon Musk's response to Twitter's lawsuit over his efforts to back out of his $44 billion acquisition …
Wall Street Journal:
Soma Biswas / Wall Street Journal:
A New York judge allows Voyager Digital to return $270M in customer cash deposits, settling one of the company's larger issues after filing for bankruptcy  —  Crypto broker got bankruptcy court approval to return cash deposits  —  Cryptocurrency brokerage firm Voyager Digital Holdings Inc. secured approval …
CoinDesk:
How crypto developer Ian Macalinao posed as 11 independent devs and created a web of DeFi protocols that temporarily inflated the total value locked on Solana  —  The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain.
Michelle Price / Reuters:
Visa and Mastercard end ties with the ad arm of Pornhub owner MindGeek, after a court ruled Visa must face a lawsuit alleging it is liable for CSAM distribution  —  Visa (V.N) and Mastercard (MA.N) on Thursday said they had suspended ties with the advertisement arm of MindGeek …
Nelson Wang / CoinDesk:
Block reports Q2 revenue down 6.6% YoY to $4.4B, $2.62B net revenue excluding bitcoin, and Cash App bitcoin revenue down 34% YoY to $1.79B; stock is down 5%+  —  Despite beating projections, the payments company said its overall revenue fell because of a decrease in bitcoin revenue.
Barry Schwartz / Search Engine Land:
Google updates search results for queries with quotes to show where the phrase appears in the results snippet instead of an overall description of the page  —  Now Google will now show the quoted text in the snippet where that exact phrase appears on the page.
Aisha Malik / TechCrunch:
Clubhouse starts beta testing private communities called Houses, which can be created by a person or group looking for a more intimate alternative to Clubs  —  Clubhouse, the social audio app that rose in popularity amid the pandemic, is looking to shake up its platform with the launch of private communities called “Houses.”
Reuters:
As Nancy Pelosi visited Taiwan, cyberattacks from China and Russia increased on the island; some 7-11 store TVs displayed “Warmonger Pelosi, get out of Taiwan!”  —  As U.S. House of Representatives Speaker Nancy Pelosi made a brief visit to Taiwan this week that enraged Beijing …
Joanna Ossinger / Bloomberg:
Crypto bridge Nomad says anyone returning at least 90% of stolen tokens will be viewed as a white-hat hacker and the remaining 10% will become the reward  —  Cryptocurrency company Nomad is offering a bounty to recoup funds spirited away in a $190 million hack that again highlighted security vulnerabilities in the digital-token sector.
Andrew Hayward / Decrypt:
Tom Warren / The Verge:

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Earlier Picks

Oliver Knight / CoinDesk:
Bloomberg:
Phuong Nguyen / Reuters:
Bloomberg: